Merchants Bancorp
MBIN- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0001629019
In the last 90 days, Merchants Bancorp insiders filed 0 open-market purchases and 2 sales; 188 institutions reported holding it in 13F filings for Q2 2026, worth $2.26B in total; no superinvestor holds it.
13F holders, Q3 2025
Institutional positions in Merchants Bancorp as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 158
- +8 vs. Q2 2025
- Shares held
- 15.8M
- +493.5K (+3.2%) vs. Q2 2025
- Total value
- $501.3M
- −$3.74M (−0.7%) vs. Q2 2025
- New holders
- 19
- 70 more added
- Sold out
- 11
- 39 more reduced
Compare with Q2 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting MBIN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 188 | $2.26B |
| Q1 2026 | 178 | $1.97B |
| Q4 2025 | 151 | $548.2M |
| Q3 2025 | 158 | $501.3M |
| Q2 2025 | 150 | $505.0M |
| Q1 2025 | 160 | $551.1M |
| Q4 2024 | 170 | $1.53B |
| Q3 2024 | 174 | $654.3M |
| Q2 2024 | 174 | $589.0M |
| Q1 2024 | 173 | $515.7M |
| Q4 2023 | 164 | $509.8M |
| Q3 2023 | 122 | $296.1M |
| Q2 2023 | 114 | $271.5M |
| Q1 2023 | 125 | $267.8M |
| Q4 2022 | 114 | $246.7M |
| Q3 2022 | 121 | $229.8M |
| Q2 2022 | 114 | $217.9M |
| Q1 2022 | 121 | $260.2M |
| Q4 2021 | 114 | $302.4M |
| Q3 2021 | 102 | $250.0M |
| Q2 2021 | 110 | $254.5M |
| Q1 2021 | 106 | $275.2M |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Merchants Bancorp; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Farther Finance Advisors, LLC | 1 | $32 | 0.00% | −13−92.9% | Reduced |
| SBI Securities Co., Ltd. | 1 | $32 | 0.00% | 00.0% | Unchanged |
| GWM Advisors LLC | 2 | $64 | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 2 | $64 | 0.00% | +2 | New |
| Parallel Advisors, LLC | 7 | $223 | 0.00% | −12−63.2% | Reduced |
| Rothschild Investment LLC | 30 | $954 | 0.00% | −40−57.1% | Reduced |
| Allworth Financial LP | 35 | $1.11K | 0.00% | −70−66.7% | Reduced |
| Signaturefd, LLC | 55 | $1.75K | 0.00% | −24−30.4% | Reduced |
| Essential Partners LLC | 64 | $2.04K | 0.00% | −25−28.1% | Reduced |
| True Wealth Design, LLC | 64 | $2.04K | 0.00% | −11−14.7% | Reduced |
| IFP Advisors, Inc | 80 | $2.54K | 0.00% | −4−4.8% | Reduced |
| Northwestern Mutual Wealth Management Co | 102 | $3.24K | 0.00% | 00.0% | Unchanged |
| National Bank of Canada | 107 | $3.40K | 0.00% | +69+181.6% | Added |
| Comerica Bank | 114 | $3.62K | 0.00% | +13+12.9% | Added |
| Steward Partners Investment Advisory, LLC | 115 | $3.66K | 0.00% | 00.0% | Unchanged |
| US Bancorp | 151 | $4.80K | 0.00% | −1,395−90.2% | Reduced |
| Quadrant Capital Group LLC | 171 | $5.44K | 0.00% | +171 | New |
| Optiver Holding B.V. | 176 | $5.60K | 0.00% | +176 | New |
| Caitong International Asset Management Co., Ltd | 210 | $6.68K | 0.00% | +143+213.4% | Added |
| GAMMA Investing LLC | 212 | $6.74K | 0.00% | +67+46.2% | Added |
| Nisa Investment Advisors, LLC | 238 | $7.59K | 0.00% | 00.0% | Unchanged |
| Capital Advisors, Ltd. LLC | 318 | $10.0K | 0.00% | 00.0% | Unchanged |
| Covestor Ltd | 311 | $10.0K | 0.01% | +230+284.0% | Added |
| EverSource Wealth Advisors, LLC | 384 | $12.2K | 0.00% | +28+7.9% | Added |
| Simplex Trading, LLC | 417 | $13.0K | 0.00% | +378+969.2% | Added |
| Rockefeller Capital Management L.P. | 450 | $14.3K | 0.00% | +450 | New |
| SRS Capital Advisors, Inc. | 574 | $18.3K | 0.00% | +463+417.1% | Added |
| Amalgamated Bank | 625 | $20.0K | 0.00% | 00.0% | Unchanged |
| Versant Capital Management, Inc | 629 | $20.0K | 0.00% | +554+738.7% | Added |
| CWM, LLC | 1,510 | $48.0K | 0.00% | −1,500−49.8% | Reduced |
| Sterling Capital Management LLC | 1,790 | $56.9K | 0.00% | +1,090+155.7% | Added |
| State of Alaska, Department of Revenue | 1,802 | $57.0K | 0.00% | +1,802 | New |
| Ameritas Investment Partners, Inc. | 2,167 | $68.9K | 0.00% | −482−18.2% | Reduced |
| Great West Life Assurance Co | 2,191 | $70.0K | 0.00% | 00.0% | Unchanged |
| Bank of Jackson Hole Trust | 2,257 | $71.8K | 0.04% | 00.0% | Unchanged |
| Catalyst Capital Advisors LLC | 2,450 | $77.9K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 2,717 | $86.4K | 0.00% | +516+23.4% | Added |
| Citigroup Inc | 3,260 | $103.7K | 0.00% | −8,067−71.2% | Reduced |
| KLP Kapitalforvaltning AS | 3,550 | $113.2K | 0.00% | 00.0% | Unchanged |
| Matrix Trust Co | 4,082 | $130.0K | 0.02% | −144−3.4% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 4,755 | $151.2K | 0.00% | 00.0% | Unchanged |
| Peloton Wealth Strategists | 6,295 | $200.0K | 0.08% | −440−6.5% | Reduced |
| Engineers Gate Manager LP | 6,372 | $202.6K | 0.00% | +6,372 | New |
| Harbor Capital Advisors, Inc. | 6,981 | $222.0K | 0.02% | +67+1.0% | Added |
| Brevan Howard Capital Management LP | 7,056 | $224.4K | 0.00% | +166+2.4% | Added |
| Advisory Services Network, LLC | 7,062 | $224.6K | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 7,076 | $225.1K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 7,177 | $228.2K | 0.00% | +1,310+22.3% | Added |
| Cetera Investment Advisers | 7,500 | $238.5K | 0.00% | 00.0% | Unchanged |
| Meeder Advisory Services, Inc. | 7,500 | $238.5K | 0.01% | 00.0% | Unchanged |
| Caxton Associates LLP | 8,050 | $256.0K | 0.01% | +8,050 | New |
| Yorktown Management & Research Co Inc | 8,800 | $279.8K | 0.22% | 00.0% | Unchanged |
| Federated Hermes, Inc. | 9,601 | $305.3K | 0.00% | −10.0% | Reduced |
| Keebeck Wealth Management, LLC | 10,000 | $319.0K | 0.04% | 00.0% | Unchanged |
| Aldebaran Capital, LLC | 10,125 | $322.0K | 0.30% | 00.0% | Unchanged |
| SG Americas Securities, LLC | 10,463 | $333.0K | 0.00% | +10,463 | New |
| Intech Investment Management LLC | 10,699 | $340.2K | 0.00% | +1,102+11.5% | Added |
| Oxford Financial Group Ltd | 11,137 | $354.2K | 0.02% | 00.0% | Unchanged |
| Aquatic Capital Management LLC | 11,407 | $362.7K | 0.01% | +11,407 | New |
| Commonwealth Equity Services, LLC | 11,786 | $375.0K | 0.00% | +68+0.6% | Added |
| Qube Research & Technologies Ltd | 11,805 | $375.4K | 0.00% | −6,143−34.2% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 12,160 | $386.7K | 0.00% | −2,055−14.5% | Reduced |
| Balyasny Asset Management LLC | 13,043 | $414.8K | 0.00% | +13,043 | New |
| SEI Investments Co | 13,471 | $428.4K | 0.00% | +1,557+13.1% | Added |
| Victory Capital Management Inc | 13,675 | $434.9K | 0.00% | +1,118+8.9% | Added |
| CWM Advisors, LLC | 14,334 | $455.8K | 0.04% | +2,550+21.6% | Added |
| Impact Partnership Wealth, LLC | 14,519 | $461.7K | 0.07% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 14,707 | $471.3K | 0.00% | +331+2.3% | Added |
| Quest Partners LLC | 14,828 | $471.5K | 0.03% | +3,594+32.0% | Added |
| Public Employees Retirement System of Ohio | 14,994 | $476.8K | 0.00% | 00.0% | Unchanged |
| Pacific Ridge Capital Partners, LLC | 15,224 | $484.1K | 0.11% | +15,224 | New |
| BCGM Wealth Management, LLC | 15,477 | $492.2K | 0.13% | 00.0% | Unchanged |
| MetLife Investment Management | 15,574 | $495.3K | 0.00% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 15,656 | $497.9K | 0.00% | +5,765+58.3% | Added |
| Semanteon Capital Management, LP | 16,129 | $512.9K | 0.64% | +16,129 | New |
| Stifel Financial Corp | 16,168 | $514.1K | 0.00% | +80.0% | Added |
| Boston Partners | 16,278 | $517.6K | 0.00% | +2,056+14.5% | Added |
| Franklin Resources Inc | 17,420 | $554.0K | 0.00% | −27,915−61.6% | Reduced |
| Quantbot Technologies LP | 18,095 | $575.4K | 0.02% | +3,314+22.4% | Added |
| Susquehanna International Group, LLP | 18,108 | $575.8K | 0.00% | −39,770−68.7% | Reduced |
| HRT Financial LP | 18,288 | $581.0K | 0.00% | +18,288 | New |
| Mackenzie Financial Corp | 19,062 | $606.2K | 0.00% | +2,905+18.0% | Added |
| California State Teachers Retirement System | 19,369 | $615.9K | 0.00% | +1,624+9.2% | Added |
| STRS Ohio | 20,700 | $658.3K | 0.00% | +1,700+8.9% | Added |
| Price T Rowe Associates Inc | 22,002 | $700.0K | 0.00% | +661+3.1% | Added |
| Legal & General Group Plc | 22,676 | $721.1K | 0.00% | +999+4.6% | Added |
| Wells Fargo & Company | 22,865 | $727.1K | 0.00% | +3,241+16.5% | Added |
| Quantinno Capital Management LP | 23,201 | $737.8K | 0.00% | +16,364+239.3% | Added |
| James Investment Research Inc | 23,770 | $755.9K | 0.08% | 00.0% | Unchanged |
| UBS Asset Management Americas Inc | 24,886 | $791.4K | 0.00% | −56,409−69.4% | Reduced |
| First Trust Advisors LP | 25,264 | $803.4K | 0.00% | −4,022−13.7% | Reduced |
| Squarepoint Ops LLC | 27,012 | $859.0K | 0.00% | +27,012 | New |
| Alliancebernstein L.P. | 27,530 | $875.5K | 0.00% | 00.0% | Unchanged |
| Y-Intercept (Hong Kong) Ltd | 27,630 | $878.6K | 0.02% | +27,630 | New |
| XTX Topco Ltd | 29,057 | $924.0K | 0.05% | +1,379+5.0% | Added |
| Algert Global LLC | 29,303 | $931.8K | 0.02% | +14,440+97.2% | Added |
| The PNC Financial Services Group, Inc. | 31,883 | $1.01M | 0.00% | +8,916+38.8% | Added |
| AQR Capital Management LLC | 34,134 | $1.09M | 0.00% | −29,400−46.3% | Reduced |
| Twelve Points Wealth Management LLC | 35,097 | $1.12M | 0.28% | −4,029−10.3% | Reduced |
| Formidable Asset Management, LLC | 34,400 | $1.14M | 0.18% | 00.0% | Unchanged |